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Monday, December 23, 2024

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What to watch in Trump’s second term

In general, Donald Trump’s return to the White House is expected to bring a mix of positive and negative impacts. However, the overarching sentiment is that uncertainty and volatility will prevail, requiring governments and businesses to adapt flexibly to minimize risks and capitalize on opportunities presented by the new context. Increased protectionism Donald Trump’s election as the 47th U.S. President is considered a significant event, already leaving an instant impact on financial markets in general and stock markets in particular. According to a recent SSI Research report, the tariff policies Trump plans to implement may have certain effects on global trade. While the markets are still awaiting more detailed policies, Vietnam could seize the moment to further open its economy to foreign investment. Simultaneously, focusing on domestic growth drivers, such as consumption and public investment, can help sustain fast and sustainable growth. Regarding U.S. trade protectionism, Trump’s approach is expected to be highly protective, including comprehensive tariff measures (60% on Chinese goods and 10-20% on goods from other countries) and potentially withdrawing from the World Trade Organization (WTO). While this poses challenges, it could also create opportunities for Vietnam, provided timely and attractive policies are enacted. On another note, the […]
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The dollar rise – A natural reaction

Having dropped from over VND25,400 to nearly VND24,500 per dollar in September this year, the U.S. dollar unexpectedly rebounded. Is this a sign of...

The exchange rate pressure eases

In the first half of this year, the exchange rate was a major concern for investors and regulators but now the pressure has eased,...

Vietnam dong firmer against U.S. dollar

HCMC - The Vietnamese dong appreciated against the U.S. dollar today, July 26, according to local media reports. The State Bank of Vietnam (SBV) set...

Global gold reaches new highs

HCMC - Global gold prices continued their upward movements in May, reaching an all-time high of US$2,427 per ounce mid-month, the World Gold Council...

Vietnam dong advances against U.S. dollar

HCMC - The State Bank of Vietnam (SBV) today lowered the reference exchange rate between the Vietnamese dong and the U.S. dollar by VND29 from...

Harnessing forex rates

In the first quarter of this year, the U.S. dollar strengthened by about 2.3% against the Vietnamese dong, the strongest increase since 2012. The...

Dollar price rise continues

HCMC - The U.S. dollar has continued strengthening against the Vietnamese dong as the spot rate rose to a new high of over VND25,400...

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